How can organizational and technical innovation help to get out the crisis?

Whereas economists and governments are trying to forecast when and how will the current crisis end, at     HOMMES & PROCESS we propose solutions, a sum of both organizational and technical innovations, which help organizations improve their competitiveness during those hard times and get ready when better times are back.

Which are the expected scenarios to get out of the crisis?

Economists differentiate three possible scenarii to get out crisis:

• The "V" Scenario: Growth is back immediately after the depression

• The “U” Scenario”: Recession lasts longer than in the “V” scenario but growth begins immediately afterwards
• The “W” Scenario: recession periods are followed up by short growth periods that are too weak to last.

Recently, several economists warned that we must remain careful, that the crisis might not be finished. According to OCDE and the IMF, growth may remain negative until the end of 2009.

Is it worth investing in innovation during down times?

Innovation is one of the key to stay ahead and prepare for the future, when it creates real value. However decision-makers ask themselves:

“how do I do to invest in innovative solutions when jobs are in danger?”

At the same time, some values and principles such as trust, responsibility and team spirit become top priorities. These core values must be taken into consideration within the organization but also in the relationships with external organizations (customers, partners, co-contractors etc.).

To improve competitiveness, organizations must define their own strategy first, then have their employees committed to the corporate strategy.

 

At HOMMES & PROCESS, besides helping organizations implement new technologies, we can help with change management for a smooth transition period and successful human implementation of new teamwork methods.